MIGO Opportunities Trust (LON:MIGO) Shares Cross Below Fifty Day Moving Average – Time to Sell?

MIGO Opportunities Trust plc (LON:MIGO) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 354.41 ($4.39) and traded as low as GBX 351 ($4.34). MIGO Opportunities Trust shares last traded at GBX 351.22 ($4.35), with a volume of 811 shares trading hands.

MIGO Opportunities Trust Stock Down 0.3 %

The company has a market cap of £73.85 million, a PE ratio of 975.92 and a beta of 0.51. The business has a fifty day simple moving average of GBX 354.35 and a two-hundred day simple moving average of GBX 355.28. The company has a current ratio of 0.63, a quick ratio of 44.36 and a debt-to-equity ratio of 6.12.

Insider Buying and Selling

In related news, insider Ian Henderson bought 2,938 shares of the business’s stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of GBX 355 ($4.39) per share, with a total value of £10,429.90 ($12,909.89). 17.83% of the stock is currently owned by company insiders.

About MIGO Opportunities Trust

Miton Global Opportunities Plc is a close-ended balanced fund of funds launched by Miton Group plc. It is managed by Miton Asset Management Limited. The fund invests in the funds investing in the public equity and fixed income markets across the globe. It primarily invests in other close ended funds.